Who Should Consider a Secured Credit Card?
This type of card may be a good alternative for someone who doesn’t have a credit history and/or finds it difficult to get approved for an unsecured credit card. By opening a secured account, the cardholder can begin building a credit history by making small purchases and paying them off on time every month. A secured credit line is also a useful way for someone who currently has bad credit to begin repairing their credit score.
